The Eurozone Crisis

U.S. Faces 'Real-Time Experiment' in Economic Recovery While Cutting Spending

May 1, 2013

U.S. Faces 'Real-Time Experiment' in Economic Recovery While Cutting Spending

Ireland: Is the Worst Over?
March 19, 2013
Ireland was once one of the poorest countries in Western Europe. Then it went on a tear, became "The Celtic Tiger," and was no longer poor at all.
At World Economic Forum, Talk of Future of European Union and the Euro
Jan. 25, 2013
As the World Economic Forum convened for its annual conference in Switzerland, Hari Sreenivasan talks to Ray Suarez from Davos about one of the biggest topics of discussion: the European Union and the economic future of its member states, especially the United Kingdom and Germany.
Under Austerity, Greeks Feel Unfolding Social and Humanitarian Crisis
Dec. 27, 2012
By the end of 2013, economists estimate Greece's recession will reach levels worse than the Great Depression in the U.S. With huge budget cuts, Greeks have been left with a small safety net even as they struggle to access basic needs. Jeffrey Brown reports how austerity measures have torn apart the social fabric of Greece.
No Laughing Matter: A Look at the European Debt Crisis Through Cartoons
Nov. 22, 2012
Lee Buchheit, a lawyer who helped mastermind Greece's debt restructuring earlier this year, and investor Hans Humes explain the wrangling behind-the-scenes of Europe's debt crises to economics correspondent Paul Solman, all with a little help from some cartoonists.
Austerity Protests Grip Europe
Nov. 14, 2012
Transportation in parts of Europe was at a standstill Wednesday as strikers forced the cancellation of hundreds of flights and many train routes in Spain and Portugal.
Why Hasn't the Euro Debt Crisis Been a More Prominent Campaign Topic?
Oct. 25, 2012
As Europe's economy falters, U.S. exports have declined and the fear of a Eurozone breakup has cast a shadow over Wall Street. Judy Woodruff talks to Zanny Minton Beddoes of The Economist and James Surowiecki of The New Yorker about how Romney and Obama should address Europe's debt crisis in their campaigns.
Spanish and Greek Responses to Debt Crisis Unleash Backlash from Citizens
Sept. 26, 2012
Protesters expressed their discontent with government austerity measures on the streets of Madrid and Athens this week. Gwen Ifill talks to Jacob Kirkegaard of the Peterson Institute for International Economics for the latest on the unrest in Greece and Spain as Europe comes to grips with its debt crisis.
Protesters March on Greek Parliament to Protest Wage Cuts and Privatization
Sept. 26, 2012
With nearly 70,000 people marching toward the parliament in Athens, Greece saw its largest protests since May 2011. Greeks were angered by cuts in wages, pensions and welfare that the debt-ridden country enacted to meet budget targets. Independent Television News' James Mates reports.
Upcoming Votes Test European Debt Crisis Response
Sept. 11, 2012
In the perils-of-Pauline drama of deadlines and dates that the European debt crisis has become over the last two-and-a-half years, another looms on Wednesday in two venues -- a German constitutional court and in Dutch elections.
EU Ambassador on Debt Crisis Deal: 'Major Step Forward'
June 29, 2012
EU Ambassador to the United States Joao Vale de Almeida told Jeffrey Brown an agreement among eurozone nations that includes creating a bank rescue fund is a "major step forward" in solving the region's debt crisis.
Is Spain 'in Denial' Over Growing Banking Crisis?
June 11, 2012
As Spain secured up to $125 billion from the eurozone to bolster its ailing banks, early optimism was overshadowed by worries that the amount might not be enough. Judy Woodruff discusses the bailout with Douglas Rediker of the New America Foundation and Jacob Kirkegaard of the Peterson Institute for International Economics.
News of Spanish Bank Bailout Doesn't Satisfy Global Markets
June 11, 2012
After Spain's economy minister formally asked for aid to bail out the fourth-largest economy in the eurozone, the 17-nation body approved a loan of up to $125 billion. But early optimism was overwhelmed by worries that the bailout might not be enough. Judy Woodruff reports.
Troubling New Signs Plague European, U.S. Economies
April 27, 2012
Even as British Prime Minister David Cameron defended the notion of austerity, governments across Europe were toppling or falling back into recession. Ray Suarez and George Washington University's Scheherazade Rehman discuss problems and potential solutions, both in the U.S. and overseas.
Renewed Recessions Rock Europe Amid Slower Growth in U.S.
April 27, 2012
Romania's government fell in a no-confidence vote Friday while the Czech Republic's government moved to the brink of collapse before surviving a no-confidence vote. The Dutch government collapsed Monday and Spain -- Europe's fourth-largest economy -- fell back into recession. Ray Suarez reports on renewed worries across Europe.
After Second Bailout, Is Greece Still Likely to Default?
Feb. 21, 2012
Eurozone finance ministers on Tuesday granted Greece its second bailout, a $172 billion package aimed at helping the country avoid default. Jeffrey Brown discusses the longer-term concerns of austerity measures and growth with Georgetown University's Scheherazade Rehman and Joao Vale de Almeida, the EU's ambassador to the U.S.
With Greece Bailout Comes Relief, Lingering Doubts
Feb. 21, 2012
Struggling to avoid even worse damage from its debt crisis, Greece was granted another EU bailout Tuesday, a $172 billion package aimed at helping the country avoid default. Richard Edgar of Independent Television News reports on the eurozone finance ministers' decision amid longer-term anxieties.
News Wrap: Eurozone Ministers Move Closer to Granting Greece Next Bailout
Feb. 20, 2012
In other news Monday, Eurozone finance ministers decided at a meeting in Brussels that Greece must implement more austerity measures before they approve a $171 billion bailout package to avoid defaulting on its debts. Also, U.N. inspectors began a two-day visit to Iran to press for information on Tehran's nuclear program.
Greek Ambassador: 'Profound Structural Reforms' Necessary for Long-Term Recovery
Feb. 13, 2012
Protests flooded Athens over the weekend, escalating Monday in the wake of the Greek Parliament's approval of a new wave of austerity measures. Jeffrey Brown talks with Greece's ambassador to the United States, Vassilis Kaskarelis, about the protests, the bailout negotiations and the potential impact of the austerity plan.
Greece Plunges into Turmoil After Austerity Vote
Feb. 13, 2012
After a vote on austerity measures by the Greek Parliament on Sunday inched the country closer to a second bailout, violent protests erupted once again in the streets of Athens. James Mates of Independent Television News reports on lingering obstacles to a resolution of the E.U. debt crisis.
Italy: Amid Eurozone Crisis, 'Going the Greece Way' Would Be Disastrous
Feb. 10, 2012
Languishing amid the eurozone crisis, all of Italy is hurting and under pressure from international creditors to bring down its massive national debt. Margaret Warner reports from Milan on an economy so big that a default could bring about the collapse of the entire euro system.
Greece Reels as Government OKs More Austerity Measures
Feb. 10, 2012
As Greece signed off on a new round of austerity measures in exchange for another bailout, European finance ministers said the cuts may not be enough. James Mates of Independent Television News reports on the start of a two-day strike over the cuts.
In Bailing Out Greece, Germans Eye 'Functional, Surviving Euro'
Feb. 9, 2012
European Union finance ministers said Thursday Greece would have to make even more austerity cuts to receive bailout money, even if there is a new government. Margaret Warner reports from Germany on how citizens of the continent's richest country feel about the EU's latest debt relief package for Greece.
What Greece's Latest Cuts Mean for Workers, EU
Feb. 9, 2012
Greek political leaders reached a much-anticipated agreement Thursday on yet another round of austerity cuts. Jeffrey Brown and John Psaropolous of the blog The New Athenian discuss implications for Greeks, the country's economy and its relationship with the continent.
Austerity Plan Might Ease Greece Out of its 2-Year Debt Crisis
Feb. 9, 2012
After weeks of negotiations, Greece's political leaders wrapped up a controversial agreement Thursday on yet another round of austerity measures. Though the deal received some praise, Germany said it fell short while workers in Greece took to the streets to protest more spending cuts. Jeffrey Brown reports.
Amid Eurozone Crisis, How Germany Became Europe's Richest Country
Feb. 8, 2012
As European debt crisis negotiations approach the 11th hour on yet another bailout for Greece, Margaret Warner reports on some of the people behind the economic success of Germany -- Europe's richest country.

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Local Businesses Help Refresh Irish Economy After Global Recession

March 25, 2013

Ireland was hit hard during the global recession, suffering dramatic job losses and a mass exodus of skilled workers. Though the Irish are still cautious, a recovery is being driven by locally grown businesses, startups and new takes on heritage industries. Ray Suarez reports from Dublin on pioneering businesses sprouting up.

Cyprus Avoids Potential Bankruptcy Plunge After Agreeing to Bailout Terms

March 25, 2013

Cyprus Avoids Potential Bankruptcy Plunge After Agreeing to Bailout Terms

Cyprus Bank Crisis Raises Questions of Fairness, Precedent for Eurozone Members

March 25, 2013

Cyprus Bank Crisis Raises Questions of Fairness, Precedent for Eurozone Members

Startupland: Ireland Climbing out of Recession One Chip at a Time

March 22, 2013

PBS NewsHour senior correspondent spent the week in Ireland talking to business people, leaders and ordinary Irish about what went wrong, and what needs to go right, right now.